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Hedge fund billionaire Ken Griffin is making the largest individual gift in higher education history, donating $3 billion to Carnegie Mellon University to expand its Pittsburgh campus and build a new campus in Miami.

The Citadel founder and CEO’s gift includes $1 billion for Carnegie Mellon’s Pittsburgh campus, including $500 million for its School of Computer Science, which will be renamed the Kenneth C. Griffin School of Computer Science. 

The remaining $500 million will provide “flexible” funding for the university’s “highest priorities,” according to Carnegie Mellon.

The other $2 billion will fund Carnegie Mellon University Miami, a new 35-acre campus in the city’s Wynwood neighborhood.

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